Daily Market Analysis - BTC

The market has taken quick downturn shedding nearly 20B in the span of 48 hours. Right now, the market cap is down to 242.46B. Dominance is down to 56.13%.

The drop in Bitcoin price has had an adverse affect on the alt market. As the price has dropped, the market dominance for alts has risen, which suggests possible short-term price decoupling between the markets.

The price of Bitcoin is currently in a free fall, the volume has remained bearish and flat over the past 24 hours.

Indicators are nearing oversold territories, and the current low is still at a higher low than the sell off on 5/17/19.

Critical levels of support to watch over the next 24 hours are 7600, 7400, and 7200.